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Reports on consumer confidence, GDP tug at stocks
Facebook creates dual-class stock structure
Consumer group warns about toy hazards
Americans gloomy on economy heading into holidays
Banks earn $2.8 billion in third quarter; insurance fund in the red
Akron, Summit County jobless rates increase
Home prices rise for fourth month in a row
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2 men shot during party in Fairlawn
Cancellation of Christmas not an option
Akron man killed in crash on his street
Several people hurt in Akron crash
Victim of beating in Kent last week is declared dead at Akron hospital
Akron Children's Hospital CEO, wife announce $1 million gift to support research
Police: Pennsylvania man killed misbehaving puppy before Steelers game
Akron Circle K store robbed for second time this month
KSU suspends basketball player
Police accuse bank robbery suspect of gobbling up note (with dashcam video)
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A Dog Named Christmas – Pet for the Holidays
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Of pass interference and alleged "fake" injuries
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No. 1 Akron to play Stanford next
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Seven players added to Tribe’s 40-man roster
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Audio: Mangini disputes Poteat call, accuses Lions of faking injuries
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Flashes travel to Florida Atlantic
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Gameblog: Cavs vs. Philadelphia 76ers
Buckeye Blogging:
Buckeye Football – Present and Future
Varsity Letters:
Gulley to visit Central Michigan in December
All Da King's Men:
The Onion, By Any Other Name…
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Glaring Contradictions
Akron Law Café:
Don't Try to Have Fun if you are Depressed
See Jane Style:
Vintage Chic
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What Automotive Thing Are You Thankful For?
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Faye Dunaway to be Evicted?
Ohio Travels with Betty:
Monique asks how to get tickets for the Polar Express.
Sound Check:
Steely Dan Plays "The Royal Scam" at E.J. Thomas Hall
HRLite House:
Personal Rant – Why I am Glad I live in NEO
Akron Gamer:
Nintendo's Mario endures even as games come and go
Decline in auto sales and production slows need for inventory. Hundreds of Ohioans to lose jobs
Published on Saturday, Jul 05, 2008
Associated Press
TOLEDO: Slowdowns in auto sales and production are trickling down to Ohio's auto-parts makers, resulting in hundreds of layoffs.
Some of the layoffs are temporary while other jobs will be lost for good.
''They say every auto assembly job means eight to 10 parts jobs,'' said United Auto Workers Ohio President Lloyd Mahaffey.
Auto sales in June were their worst in 17 years and most experts predict the declines will continue through the year. Automakers have responded by slowing production because dealers already have too many vehicles.
Chrysler LLC's announcement last week that it is shutting down production of the Jeep Liberty and Dodge Nitro for two months this summer at its Toledo assembly plant already has led to layoffs at suppliers who make parts for the plant.
''Everybody that does anything for the Liberty in Northwest Ohio will be hurt by it because they won't need the parts,'' Mahaffey said.
Dana Corp. will lay off 95 workers at the Toledo plant that puts together axles and drive shafts for the Liberty and Nitro.
''It's not going to be pretty,'' said Joseph Phillippi of AutoTrends Consulting in Short Hills, N.J. ''It's not just the parts makers; it's supply services, tooling, and all sorts of components that will hurt.''
Get the full article here.
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